JK Paper entered into a joint venture agreement with Oji Holding Corporation, Marubeni Corporation, Japan and Oji India Packaging (OIPPL) for the purpose of manufacturing and sale of corrugated packaging products by OIPPL, Haryana.
The project envisages sale of corrugated packaging products to large number of consumers in this geographical area consisting of companies in the auto components, high and electronic and consumer durable sectors.
Shares of the company declined Rs 0.9, or 2.18%, to trade at Rs 40.45. The total volume of shares traded was 157,220 at the BSE (2.12 p.m., Thursday).
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